WASHINGTON, DC -- (Marketwire) -- 11/20/12 -- Today, Judge Richard J. Leon of the U.S. District Court for the District of Columbia dismissed a class action lawsuit against Leanne G. Spencer, the former Controller of Fannie Mae, in the matter In Re Fannie Mae Securities Litigation. When filed eight years ago by the Ohio Teachers and Public Employee Retirement funds, it was the largest securities class action ever brought in the United States.

Ohio sought $6 billion in damages, but Spencer's lawyer, David S. Krakoff of BuckleySandler LLP, said, "The court ruled that the plaintiffs were entitled to nothing because there was no proof that Ms. Spencer had manipulated earnings or violated federal securities laws. Today's ruling completely vindicates Ms. Spencer of any wrongdoing. Judge Leon's fair and impartial evaluation of all the evidence has ended Ms. Spencer's eight-year nightmare."

Case Reference: In Re Federal National Mortgage Association Securities, Derivative and "ERISA" Litigation, 04-cv-01639, U.S. District Court, District of Columbia (Washington).

With over 150 lawyers in Washington, DC, New York, Los Angeles and Orange County, CA, BuckleySandler LLP (www.buckleysandler.com) provides best-in-class legal counsel to meet the challenges of its financial services industry and other corporate and individual clients. Representing many of the nation's leading financial services institutions, the firm provides legal and business counsel across the full-range of government enforcement actions, complex and class action litigation, and transactional, regulatory and public policy issues.

Trust is the fundamental building block of any relationship. Whether it's personal or business, trust is something that cannot be replaced with anything. There are hundreds of books available on how to cultivate business relationships, how to maintain them, and how to leverage the best...

It’s easy to fall into a pattern of dysfunctional releases, release processes that are characterized by delay, inefficiency, and endless meetings that encourage people to view releases as a problem. These are the kinds of meetings that inspire references to the movie Office Space or em...

Log data provides the most granular view into what is happening across your systems, applications, and end users. Logs can show you where the issues are in real-time, and provide a historical trending view over time. Logs give you the whole picture.
Logstash is an open source tool fo...

Over on the other side of the fence IT ops are screaming at the various portfolio dev teams for releasing highly risky functionality way too frequently but since the Agile dev adoption production has only had a couple of low priority P4 incidents caused by bad code releases. Things mus...

Application experience aficionados take note: you have choices now. No longer are you constrained to just HTTP/1 with a side option of WebSockets or SPDY. HTTP/2 is also an option, one that like its SPDY...